Partners Development Sells 21,400 SF Broadway Plaza Phase II Retail Center In Pearland
11940 West Broadway Street
Building Size
21,400 SF
Asset Type
Retail
Closing
Dec 12, 2025
About this deal
AI
The retail center involved in this transaction is the fully leased Broadway Plaza Phase II, located at 11940 Broadway Street in Pearland. This property encompasses a total area of 21,400 square feet and is anchored by Pet Supplies Plus.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 11940 Broadway Street
- Market: Pearland
- Seller: Partners Development
- Brokers: Marc Peeler, Joan Collum & Cobo Fajardo - Partners Real Estate
Marc Peeler, Joan Collum, and Cobo Fajardo of Partners Real Estate represented the seller, Partners Development, in this transaction. The buyer remains undisclosed.
On the Map
Retail
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Players
Pearland Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93